Question # 1

Say's law of Markets states that:

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Demand creates its own supply

Supply creates its own demand

Demand creates its own demand

Supply creates its own supply

Which of the following is not required while computing Gross National product (GNP)?

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Net foreign investment

Private investment

Per Capital income of citizens

Purchase of goods by government

An expansionist fiscal policy could include:

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Lower interest rates

Increased landing by the banks

An increase in corporation tax

An increase in discretionary nary government spending

Investment is defined as a-

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Deployment of a sum in business operations

Purchasing an interest bearing bond

Change in the stock of capital

All the above

The difference between gross investment and net investment is:

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Depreciation

Acceleration

Capital investment

Deceleration

What is the full form of the STD?

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Straight Telephone Dialing

Straight Trunk Dialing

Subscribers Talk Dialing

Subscribers Trunk Dialing

A form of government in which minority rules outside the law is:

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Oligarchy

Tyranny

Aristocracy

Democracy

The term Cowboy diplomacy was first used in 1902 by:

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Jackie Lawlor

Edmund Gullion

James Cable

David Hoffman

What do we call a lyric ode written in honor of a bride and groom?

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Sonnet

Elegy

Epithalamium

Pastoral Elegy

The requirement that people select mates outside certain groups:

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Exogamy

Ethnography

Endogamy

Incest taboo

What theory explains why deflation may actually lead to an increase in GDP?

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Solow effect

Rational expectations

Pigou effect

Adaptive expectations

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